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Feds raise second-quarter GDP estimate

September 30 2010

The U.S. Department of Commerce raised its growth estimate of real gross domestic product in the second quarter.

Real GDP increased at an annual rate of 1.7% in the second quarter, according to a third estimate released today by the Department of Commerce. An estimate released last month had growth at 1.6%.

U.S. real GDP grew 3.7% in the first quarter after declining at a rate of 2.6% for full year 2009.

Staffing industry growth, with the exception of healthcare staffing, strongly correlates with growth in GDP, according to research from Staffing Industry Analysts. Staffing industry revenue tends to grow faster as GDP improves.

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